Super-Charge Your Portfolio With These Alternative Energy Power Players

I’ll get right to it: Why alternative energy? Well, it can’t hurt to at least look at what the U.S. government is doing… They don’t always get things wrong, you know. There is an obvious and inevitable shift — which is already taking place — from fossil fuels to clean energy, and it’s a transition that most of us are on board with. It’s not yet occupying the strongest market sector on Wall Street, which would be an unreasonable presumption, but one thing is for sure: It’s an area of the market that’s growing steadily. 

There has been a concerted effort to invest in renewable energy at both the state and federal levels. Billions are available from both the infrastructure spending bill passed in November 2021 and the Inflation Reduction Act (IRA) for investments in renewable, or green, energy transmission— a prime example being the construction of new power lines that utilize renewable energy. iShares’ Global Clean Energy ETF (ICLN) is currently down slightly year-to-date and is actually an ETF that I like as a long-term investment. Today, though, I’ll focus on individual renewable energy equities, each displaying remarkable promise. 

Join me in breaking down these three buy-rated alt-energy tickers, which many analysts agree are worth taking a meaningful look at. Well, let’s do just that: 

Clearway Energy Inc (CWEN) 

Clearway Energy, Inc. (CWEN) operates contractual renewable and conventional power facilities as well as thermal infrastructure assets. CWEN deals with conventional energy generation, thermal energy, and renewable sources such as wind and solar. CWEN was launched on December 20th, 2012, and is based in Princeton, NJ. CWEN is down YTD by 3.42% and trading near the bottom of its 52-week range, leaving 

plenty of room for an upswing. With a market cap of roughly $5 billion and a solid 0.84 beta, CWEN most recently exceeded analysts’ revenue projections by 2.77% and shows YOY revenue growth (+34.58%). CWEN has a P/E ratio of 5.7x, a PEG ratio of 2.05x, a P/S ratio of 2.8x, a P/B ratio of 1.65x, and a free cash flow of $628 million. CWEN has a dividend yield of 4.90% and a quarterly payout of 38 cents ($1.52/yr) per share. With a 10-day average trading volume of 815,770 shares, CWEN has an assigned median price target of $37.50, with a high of $43 and a low of $36, representing a more than 40% potential price jump (from its current position). CWEN has 9 buy ratings and 1 hold rating

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Array Technologies Inc (ARRY) 

Array Technologies, Inc. (ARRY) designs and distributes ground-mounting tracking systems for solar energy projects in Brazil, Spain, Australia, the U.S., and other countries. ARRY’s SmarTrack is a sort of software that combines site-specific weather-based energy data in conjunction with machine learning to find the ideal position for solar arrays that allow for maximum energy output. ARRY was established in 1989 and is based in Albuquerque, NM. Unlike the undervalued CWEN, ARRY’s stock is up YTD by 17.28% and shows a TTM return of over 140%. ARRY’s YTD price advantage is still at the bottom of its current 52-week range. ARRY has a market cap of $3.3 billion, a forward P/E ratio of 27.25x, a PEG ratio of 1.93x, and a P/S ratio of 2.01x, with YOY growth in revenue (+23.25%), net income (+218.49), EPS (+139.13%), and net profit margin (+194.35%). ARRY most recently surprised analysts’ EPS and revenue forecasts by 546.83% and 16.69%, respectively. With a 10-day average volume just shy of 6 million shares, ARRY has a median price target of $27, with a high of $35 and a low of $17, allowing room for a price jump of over 54% from where it sits now. Collectively, analysts give ARRY 16 buy ratings and 3 hold ratings.

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Daqo New Energy Corp (DQ) 

Daqo New Energy Inc. (DQ) is a holding company that manufactures polysilicon products. DQ produces and sells polysilicon to photovoltaic product manufacturers, who then properly adjust the polysilicon to facilitate solar power solutions. Guang Fu Xu founded DQ on November 22nd, 2007, and its headquarters are presently in Shanghai, China. DQ’s stock has momentum; it’s still at the bottom of its 52-week range while up by 6.71% YTD. With a very safe 0.52 beta score, DQ has a $3.21 billion market cap and TTM revenue of $4.6 billion—well over a billion more than its valuation—at an EPS of $23.50, from which it profited $1.8 billion via a 39.49% net margin. DQ has a P/E ratio of 2.4x, a PEG ratio of 0.17x, a P/S of 0.92x, a P/B ratio of 0.73x, a low 2.76% D/E, and an ROE of 40.23%. DQ shows quarterly EPS and revenue growth of 67.99% and 66.29%, respectively, and has a free cash flow of $1.15 billion, with a 10-day average trading volume of 1.06 million shares. DQ has a median price target of $56.03, with a high of $87 and a low of $28.42, representing a massive potential price increase of over 111% from its current spot. DQ has 8 buy ratings and 5 hold ratings. From my perspective, I saved the best for last.

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